& cplSiteName &

Claro and Partners Into Smartphone Payments in Brazil

Light Reading
News Wire Feed
Light Reading
3/26/2014
50%
50%

MUNICH -- Starting in the first half of 2014 Brazilians will be able to use their smartphones to carry out contactless payment transactions when shopping. In the first commercial project of its kind in Latin America, Giesecke & Devrient (G&D) is working together with Claro and one of the country’s largest banks, Bradesco,. The mobile payment project will kick off in the state of São Paulo and will later be expanded to other parts of the country, generating a total countrywide customer base of over 85 million users. G&D is supplying the SIM cards with secure storage for the payment software, as well as the SmartTrust Portigo™ mobile wallet for smartphones, which contains sensitive customer information such as credit/debit card numbers and account details. G&D is also providing the Trusted Service Manager (TSM) solutions to both Bradesco and Claro. G&D’s TSM solutions enable customers to receive Bradesco account holders’ payment card information onto their devices in an encrypted, secure form via Claro’s mobile network.

G&D’s NFC-enabled SkySIM CX SIM cards provide a secure element for storing the payment application and the relevant personal data, such as account information from Visa and Mastercard. The SmartTrust Portigo mobile wallet software allows smartphone users to electronically manage items they would traditionally keep in their back pockets, including payment, identity, or loyalty cards. For Claro and Bradesco, this opens up a vast array of new business opportunities. Claro customers buying a new NFC device already benefit from the preinstalled mobile wallet application. The mobile wallet application can be installed onto existing Claro customers’ smartphones. The Claro branded mobile wallet provided by G&D can be downloaded from the Google’s Play Store. G&D uses Claro’s mobile network to securely transmit Bradesco account holders’ payment card information to the secure element on their SIM card.

Giesecke & Devrient

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
Flash Poll
Upcoming Live Events
June 26, 2018, Nice, France
September 12, 2018, Los Angeles, CA
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
5G & Industrial Automation: Creating the Factory of the Future
Gabriel Brown, Principal Analyst, Heavy Reading, 6/11/2018
Comcast's Bid for Content, Growth & Whatever Comes Next
Phil Harvey, US News Editor, 6/13/2018
Ciena CTO Says No to Skynet, Advocates Adaptive Networks
Kelsey Kusterer Ziser, Editor, 6/14/2018
Source Packet Routing Gets Real in 2018
Sterling Perrin, Principal Analyst, Heavy Reading, 6/15/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed